MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
Dick’s Sporting Goods reported stronger than expected same store sales and profits this morning for the first quarter ended May 1.
As a result, the company raised earnings estimates for the year.
Net sales: up 9.9% to $1 billion
Total same store sales: up 8.2% vs. its forecast of a 2% to 3% increase.
Dick’s stores same store sales: up 7.6%
Golf Galaxy stores: up 12.4%
E-commerce same store sales: up 15.2%
Net income: $26.2 million, more than doubling vs. the same period last year.
Cash: $207 million
Long term debt and leasing obligations: $141 million
New stores: 5
Total stores: 424 in 41 states
Same store sales: up 4% to 5%
Earnings per share of $1.41 to $1.44 vs. previous estimate of $1.32 to $1.35.
Same store sales: up 3% to 4%
New Dick’s stores: 24